IFR SYSTEMS, INC.
EXHIBIT (11.0) - STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
1998 1997 1996
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(000'S OMITTED, EXCEPT PER SHARE DATA)
BASIC:
Average shares outstanding 8,191 8,130 8,244
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Net Income $(15,937) $6,646 $4,761
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Per Share Amount $ (1.95) $ 0.82 $ 0.58
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DILUTED:
Average shares outstanding 8,191 8,130 8,244
Net effect of dilutive stock
options-based on the treasury
stock method using the average
market price 570 292 233
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Totals 8,761 8,422 8,477
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Net Income $(15,937) $6,646 $4,761
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Per Share Amount $ (1.82) $ 0.79 $ 0.56
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